Today, the S&P CoreLogic Case-Shiller Indices provided some color into the residential housing market. The National Housing Price Index (HPI) showed strong overall month-over-month growth, increasing by 0.05% to 0.85% for the month of October. The 20-City NSA Index, which measures the value of real estate in 20 major metropolitan areas of the U.S., including L.A, San Francisco, Miami and NY, showed a slight increase for the month of October, coming in at 191.79 from the previously revised 191.68. The 20-City Index rose 5.10% from October 2015 YoY, and Housing Prices rose 5.61% to 185.06 nationwide, the biggest gain since July 2014. The areas with the highest price increases were Seattle and Portland, rising by 10.70% and 10.30% respectively. New York has the lowest price increases YoY at only 1.70%.

The Richmond Federal Manufacturing Index rose to 8.00, showing the largest increase in shipments and new orders. Finished goods declined 7.00% and orders for raw goods rose 2.00%. Consumers' view of the economy continued on positive ground as Consumer Confidence rose to 113.70, the highest seen since August 2001.

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